12:30 MSK. UK: Consumer price index for December.
16:30 MSK. US: Retail Sales for December.
The euro dollar EURUSD forecast for today 16/01/2019
Today, in the first half of the trading dynamics in EURUSD will depend on the oil quotes as between EURUSD and BRENT there is a strong correlation. Raw materials going up on news from Beijing, where the leadership of someone. the party decided to support small and medium businesses. China ranks second in the world in terms of oil consumption, and stimulate the economy will increase the demand for crude oil. Today, investors should zhdt growth BRENT crude oil to 62.50. In the second half of trading American can be supported against the publication of positive statistics on retail sales in the US in December. Traders can see the growth rate due to the increase of employment and wage growth.
EUR / USD recommendation: Buy 1.1400 / 1.1380, and take profit 1.1500.
Pound Dollar GBPUSD forecast for today 01/16/2019
Parliament Albion rejected a draft agreement to withdraw Britain from the European Union and is ready to consider the option of resignation of Prime Minister T. Mae and her team. "Santa Barbara" continues, but investors breathed a sigh of relief. Britain's currency shows growth, but not because he's so strong, so that the cycle of US currency correction occurs. Report on inflation in the UK will not be able to please investors today positive data, because in this period fell heavily on gasoline prices. Most likely, the growth of the consumer price index, investors will see at the beginning of 2019, as oil quotes have stabilized and incomes are growing rapidly.
GBP / USD recommendation: Buy 1.2840 / 1.2820, and take profit 1.2900.
Dollar yen USDJPY forecast for today 16/01/2018
The Chinese authorities are struggling to stimulate economic growth. This time they have announced investments in infrastructure projects and increase the availability of loans for small businesses. "We are going to solve the problems of commercial banks that are afraid to lend to small businesses or do not want to do this" - said the deputy governor of the People's Bank of China Zhu Hesinya. The stability of the yuan, which, in spite of the hysteria in the media, has not overcome the level of 7.00 against the dollar, which is also a positive factor for the business. New measures from China of government incentives can support, as stock markets and commodities, such as copper, oil, natural gas and steel, as Beijing in large quantities consume these products. For the USDJPY pair is a signal for the continuation of the uptrend.
USD / JPU recommendation: Buy 108.40 / 108.20 and take profit 109.15.
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